Fossil Energy
Painkillers, not cocaine found on Piper Bravo
Powder found on Piper Bravo platform turns out to be a legal medicine and not cocaine as previously suspected.
Technip opens new umbilical factory
Housed in one of the tallest single floor buildings in Europe, at 58 metres, the world’s most advanced steel tube umbilical manufacturing facility, which reinforces Technip Umbilicals’ position as a key subsea player, has been officially opened. The increased capability will allow the company to acc
Statoil gets nod for Apollo well in Barents Sea
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 7324/2-1 in the Barents Sea. Well 7324/2-1 (Apollo) will be drilled from the Transocean Spitsbergen drilling facility at position 73°51’47.90″ north and 24°32’29.90″ east. The drilling program for w
Lundin gets green light for new well in Norwegian North Sea
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 16/4-8, in the Norwegian part of the North Sea. Well 16/4-8 S will be drilled from the Bredford Dolphin semi-submersible drilling rig at position in the central part of the North Sea. The drilling progr
Fitch: Reduced day rates ahead for offshore drillers
Offshore drillers are facing a softening market with credit implications linked to asset quality and financial flexibility, according to Fitch Ratings.
Island Offshore orders $168M vessel from Vard
Vard Holdings Limited has secured a new contract with Island Offshore for the construction of one offshore support vessel of Rolls-Royce design.
Remontowa to construct new AHTS
Poland’s Remontowa Shipbuilding S.A has received an order to build an AHTS vessel for a new client. The contract for construction of an anchor handling, tug and supply vessel destined to serve in harsh environment conditions was signed on 8th of May 2014. The vessel will be built for a Canadian – No
Gazprom, GDF SUEZ discuss Nord Stream expansion options
A working meeting of Vitaly Markelov and Alexander Medvedev, Deputy Chairmen of the Gazprom Management Committee with Jean-Francois Cirelli, Vice-Chairman and Deputy Chief Executive Officer of GDF SUEZ took place today within the St. Petersburg International Economic Forum 2014. The parties discusse
Oil&Gas drilling techniques to be used on Mars?
As the search for oil & gas reserves continues, exploration and production activities are occurring in increasingly harsh environments and drilling is going deeper than ever before.
Oil&Gas UK: Good news from Maersk Oil
Oil & Gas UK has welcomed the news that Maersk Oil has awarded a FEED contract for Culzean field platform.
Bredero Shaw wins pipe coating gig for SCPX project
ShawCor’s pipe coating division, Bredero Shaw, has received a contract with a value of approximately US$70 million from BP Exploration (Shah Deniz) Ltd. for and on behalf of the South Caucasus Pipeline Company Ltd. for coating services for the South Caucasus Pipeline Expansion (SCPX) project. The ob
Westcon welcomes world’s largest jack-up rig
Westcon enters its 20 years anniversary as a rig modification yard by welcoming the world’s largest jack-up rig Maersk Intrepid.
Odfjell Drilling expects softer market
Odfjell Drilling Ltd. has released its financial report for the first quarter of 2014. Net profit has slightly increased compared to the same quarter last year, while the operating revenue recorded a drop. Operating revenue for Q1 2014 was USD 274 million (USD 296 million), a decrease of USD 22 mill
Video: Goliath crane goes down
The 56 year old giant crane Goliath was this morning demolished at Kvaerner’s decommissioning site at Eldøyane, Stord, Norway. [mappress] May 23, 2014